how long to get a tim hortons franchise

How much does it cost to buy Tim Hortons?

How much does it cost to buy a Tim Hortons? $60,000 is required in available capital if you want to become a franchisee. $60,000 is the minimum that someone opening a location should expect to invest. The high end of the total investment required to open a franchise is $665,700.

How much do Tim Hortons owners earn annually?

Tim Hortons store owner pockets each year: $265,558 and more (after tax & interest)!!! Net earning: $174,280 after taxes and overhead expenses. ** Tim Hortons franchisees in Saskatchewan were even more lucrative with net profit almost $400,000!!! In year 2011 (three years from 2008), well, you can guess the number will only go in one direction: UP!

How much money does Tim Horton make a year?

How much money does a Tim Hortons franchise owner make? Tim Hortons store owner pockets each year: $265,558 and more (after tax & interest)!!! Net earning: $174,280 after taxes and overhead expenses.

How much does Tim Hortons pay in New York State?

Tim Hortons Truck Driver in New York State makes about $29.42 per hour. What do you think? Indeed.com estimated this salary based on data from 1 employees, users and past and present job ads. Tons of great salary information on Indeed.com

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How much money do you need to open a Tim Hortons?

In order to open a Tim Hortons restaurant franchise, you must have a net worth of more than $700,000. Appreciate the investment required for a franchise. You will need to consider real estate costs, the cost of equipment and signs, the costs of licenses and permits, the cost of uniforms, the cost of insurance, etc.

How many Tim Hortons are there in Canada?

Tim Hortons Franchise is Canada’s largest chain of 4,613 restaurants in nine countries. Its menu includes coffee and tea, hot and cold beverages, snacks and donuts. Hortons restaurant franchise provides exciting opportunities for running a successful business. Buying a Tim Hortons franchise, an entrepreneur receives the assistance of the franchisor, a package of trainings, franchise cost and profit balance tips and proven marketing and management approaches. How to open one of Tim Hortons franchises available for sale? Check out our list of Tim Hortons franchise requirements and investment information which includes all possible franchise fees, and choose the format that suits you.

Background

The Tim Hortons franchise is a Canadian restaurant chain known for its coffee, doughnuts and connection to Canada’s national identity. Its namesake, Toronto Maple Leaf's defenseman Tim Horton, founded the business along with Montréal businessman Jim Charade. The first Tim Hortons doughnut franchise was opened in Hamilton, Ontario, in April 1964.

Support and Training Offered By Tim Hortons

New restaurant owners undergo seven week training program at the Tim Hortons University, which is located in Oakville, Ontario, at the offices of The TDL Group. The facility includes classrooms and a fully operational restaurant, which provides trainees with intensive hands-on experience.

Franchises Similar to Tim Hortons

The International Franchise Professionals Group (IFPG) is an internationally recognized membership-based franchise organization. IFPG Franchise Consultants guide aspiring business owners through the process of identifying and investing in franchise businesses. The IFPG represents more than 550 franchises.

How much does it cost to franchise Tim Hortons?

First and foremost, a Tim Hortons franchisee must have a net worth of about $700,000. You will need an estimated investment from $680,900 to $1,906,300. You will be required to pay an initial franchise fee of $35,000, which gives you the license to use the Tim Hortons name.

How many training sessions are required for franchisees?

Franchisees undergo two training sessions. The franchisor requires franchisees to complete training before opening the store. The first phase (New Franchisee Orientation Training) covers management and operations. In addition to that, it also discusses business plans, real estate, and buying and selling.

What is The Real Cost of A Lemonshark Poke Franchise?

However, other fast-casual restaurants may also have a place and opportunity to become an investment in the long run. One of them is LemonShark Poke, self-dubbed as a “fine casual” offering healthier food options for consumers needing a quick bite.

How many square feet does a standard shop have?

It can seat customers in an area of 1,000 to 2,300 square feet and typically has a drive-thru facility.

Is Tim Hortons a franchise?

Looking for a business to franchise but not sure what and how? Tim Hortons, a fast-food chain that specializes in coffee and doughnuts, is an excellent choice. But how much does a Tim Hortons franchise cost? It is one of the leading quick-service restaurant chains in the U.S. in 2019.

Does franchising offer direct financing?

However, the franchisor doesn’t offer indirect or direct financing nor guarantee a note, lease, or other obligations to the franchisee.

Who must conduct franchise operations?

Franchisees must comply with these franchise obligations and conditions: The franchise owner or representative approved by the PDRI must conduct the franchise operations. The delegated representative must complete the training program, and manage the store full-time.

How much does it cost to invest in Tim Hortons?

The minimum you would expect to invest in a Tim Hortons location is $60,000. $665,700 is the maximum that someone opening a location should expect to invest. New franchisees can expect to pay a $35,000 franchise fee for the rights to open their own location.

When was Tim Hortons founded?

Start your business! Tim Hortons is Canada's largest quick service restaurant chain. Founded in 1964 as a coffee and donut shop, Tim Hortons has evolved to meet consumer tastes, with a menu that now includes premium coffee, flavored cappuccinos, specialty teas, home-style soups, fresh sandwiches and fresh baked goods.

What is Capriotti's sandwich shop?

Capriotti's Sandwich Shop is known for its unique culture, family-friendly atmosphere, high-quality ingredients, and a commitment to delivering outstanding customer service. If you’re looking to own a restaurant franchise with a sound business model, a low investment, high ROI, and food you’re always proud to serve, Capriotti's is the perfect opportunity for you.

Is Tim Hortons a franchise?

Tim Hortons is listed in the Franchise Directory under the Food category. It's also listed in the section for Franchises Under $70,000 .

How many shifts do you have to do to become a Tim Hortons employee?

Additionally, upon successfully completing the initial training program, you will spend up to 10 shifts doing "on-the-job training" in a fully-operational Tim Hortons, located in the same market as your own planned restaurant location.

What is Tim Hortons?

Tim Hortons is Canada's largest quick service restaurant chain. Founded in 1964 as a coffee and donut shop, Tim Hortons has evolved to meet consumer tastes, with a menu that now includes premium coffee, flavored cappuccinos, specialty teas, home-style soups, fresh sandwiches and fresh baked goods.

Where is Tim Hortons located?

The Tim Hortons chain was founded in 1964 in Hamilton, Ontario. The chain's focus on top quality, always fresh product, value, great service and community leadership has allowed it to grow into the largest quick service restaurant chain in Canada specializing in always fresh coffee, baked goods and homestyle lunches.#N#The chain's biggest drawing card remains its legendary Tim Hortons coffee. The special blend is also available in cans, as are Tim Hortons hot chocolate and English Toffee and French Vanilla cappuccinos, so customers can also enjoy these great tasting products at home.

Is Tim Hortons a chain?

We are proud of our dedicated restaurant owners chainwide, who exemplify and execute the Tim Hortons' principles and standards of operation on a daily basis . We carefully select hands-on owner/operators, who will devote their efforts on a full-time, long term basis to operating their restaurant. Our experience over our many years of operation has indicated strongly that a spousal team, or a team of two or more immediate family members, are the key to effectively managing a successful 24-hour operation. In fact, 95% of our restaurant owners operate a true family enterprise.

How To Get A Tim Hortons Franchise?

You need to apply, have the income/capital, and have the knowledge on how to run a successful business. You will need to go through a few procedures when applying. The best way to go about explaining the process is by outlining what’s already written on Tim Horton’s official website. The first step is what they call “Candidate Inquiry”. At this stage, you have to make sure a few things are up to par. First, you need to complete the pre-qualification questionnaire. On this questionnaire, you will have to fill out a generic form that asks questions ranging from your name to how much you hope to earn. Furthermore, there are 4 steps to this questionnaire. Therefore, it’ll take a bit of time to complete that process.

How Much Can I Make From It?

Usually, companies don’t disclose how much their franchises profit on average . Luckily for us, we can get a rough estimation due to a series of unfortunate events that took place against Tim Hortons. Apparently, there a rather large class-action lawsuit filed against Tim Hortons at the beginning of the 2010s. While we won’t get into what the lawsuit was about, we will talk about what Tim Hortons made public.